Jewellery Loan
Avail Quick and Easy No EMI Loan against your Gold Jewellery
All you have to do is head to any ICICI Bank branch with your jewellery and get the funds you need. You can avail gold loans between Rs 1 Lakhs to 1 Cr.
Gold Loan Features and Benefits
- Avail loans against your gold jewellery at attractive interest rates.
- Simple and easy process with minimal documentation.
- Transparency is guaranteed and safety of your gold is ensured.
- Quick disbursal of funds by the bank.
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Safety
There is no need to worry about the safety of your collateral (gold jewellery) as it is kept in vault safes in ICICI Bank's Strong Rooms, and complete transparency is guaranteed. The gold is sealed and kept in the vault safe, only after it is valued in your presence. And whenever you wish to have your gold back on loan repayment, it will be returned in the exact same state.
Gold Loan Fees and Charges
| Particulars | Maximum | Mean |
|---|---|---|
| Processing Fees | 1.0% of loan amount | 1.0% of loan amount |
| Foreclosure charges | 1%, If a/c is closed within 11 months | 1%, If a/c is closed within 5 months |
| NIL, If a/c is closed after 11 months | NIL, If a/c is closed after 5 months | |
| Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of autorenewal. | NA | |
| Documentation Charges* | ₹199 | |
| Renewal Fees |
For loans:
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| Stamp Duty and other statutory charges | As per Applicable laws of the State | |
| Overdue Handling Charges (delinquent accounts) |
750 where a notice has been delivered at the communication address and a paper publication is not required 1,700 where no notice has been delivered at the communication address and the paper publication is to be done 300 charge for sending auction notice, over and above the preceding points I) and II) 200 for sending loan recall notice over and above the preceding points I) and II) |
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GST, other government taxes, stamp duty, levies, etc. as per prevailing rate will be charged over and above these charges. The above fees will not be applicable for agricultural loans up to Rs 25,000 per customer.
- Applicable for flexi Gold Loan product.
- Applicable from December 01, 2018
ANNUAL PERCENTAGE RATE (APR)
It is a method to compute annualised credit cost, which includes interest rate and processing fee. The APR calculator does not include charges like stamp duty, prepayment charges, etc. To calculate the same, please click here to download the APR calculator.
Documents Required For Gold Loan
- Application form with photograph
- ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card (Any one document needs to be submitted)
- Proof of address such as Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / registered lease agreement with utility bills (not older than 3 months) in the name of landlord (any one)
- Proof of landholding (in case of agriculture loan of above Rs 1 lakh)
Gold Loan FAQs
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What is Gold Loan?
ICICI Bank offers loan against gold jewellery. A customer can quickly avail of a Gold Loan for any value from Rs 10,000 to Rs 1 Crore with simple and easy documentation process.
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How to get a Gold Loan?
To get a Gold Loan, you can walk into any ICICI Bank branch with your jewellery and almost instantly avail of a Gold Loan for any value between Rs 10,000 to Rs 15,00,000. With our simple and easy documentation process, the loan can be availed of across the counter. Alternatively, you can give a missed call on 8444884448 and our executive will call you with all the necessary details.
ICICI Bank Gold Loan comes to you at attractive interest rates starting from 11% per annum based on the prevalent market situation. The rates will however vary according to the product variants.
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How long does it take to complete a Gold Loan approval process?
ICICI Bank provides quick loan disbursal in just 60 minutes. This is, however, subject to the verification of the gold and other documents submitted by the customer. Approvals are granted at the sole discretion of the bank.
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Who can avail an ICICI Bank Gold Loan?
Any individual within the age group of 18 to 70 years can avail the ICICI Bank Gold Loan.